Pioneer Valley 2013 condo sales up 14.7%, prices down slightly; single-family home sales up 2%, prices up Reply

Call Michael Seward at 413-531-7129 if you are planning on buying or selling a home in the Pioneer Valley.

Call Michael Seward at 413-531-7129 if you are planning on buying or selling a home in the Pioneer Valley.

The Pioneer Valley real estate market in 2013 improved when compared to 2012.  Condo sales were up 14.7% and single-family home sales were up 2% in the Pioneer Valley in 2013, according to data released from the REALTOR® Association of Pioneer Valley (RAPV).   Median condo prices were down .3%, while median single-family home prices were up 5.3%. 

There were 92 more condos sold in the Pioneer Valley in 2013 when compared to 2012, from 626 to 718 units. The median sales price for a Pioneer Valley condo dipped slightly from $147,350 in 2012 to $147,000 in 2013.   There were 90 more single-family homes sold in 2013 when compared to 2012, from 4,556 to 4,646 units, while median single family home prices rose from $178,500 to $188,000.

The number of days a single-family home and a condo stayed on the market in the Pioneer Valley decreased.  The days on market for a single-family home fell from 138 days in 2012 to 121 days in 2013, while the days on market for a condo dropped from 193 days in 2012 to 152 days in 2013.

While the above stated numbers reflect the entire Pioneer Valley, here is how the 2013 real estate market fared by county.

Single-Family Home Sales in 2013

County

Sales Change

Median Price Change

Sold Units

Franklin

Down 6.6%

Up 8.8%

454

Hampden

Up 1.6%

Up 6.3%

3,088

Hampshire

Up 7%

Up 4.2%

1,104

Condo Sales in 2013

County

Sales Change

Median Price Change

Sold Units

Franklin

Up 20%

Down 10.2%

42

Hampden

Up 12.8%

Up 2.4%

423

Hampshire

Up 17.1%

Up 9.2%

253

 

Among the three Pioneer Valley counties, Franklin County saw the largest improvement in single-family median price at a 20% increase, but also the largest decrease in condo median price at a 10.2% decrease.  Single-family home sales fell from 486 units 2012 to 454 units in 2012, while median prices fell from $172,900 to $155,250.  Condo sales rose from 35 units in 2012 to 42 units in 2013, while median prices rose from $170,000 to $185,000.

Hampden County saw a slight increase in the number of single-family home sales, from 3,038 in 2012 to 3,088 in 2013.  Median prices climbed $10,000 in 2013 when compared with 2012, from $160,000 to $170,000.  Hampden County condo sales rose from 375 units in 2012 to 423 in 2013.  Median condo prices were slightly higher in 2013, rising to $128,000 from $125,000.

The 7% increase in the number of single-family home sales in 2013 in Hampshire County when compared with 2012 represents the largest improvement in sales among the three Pioneer Valley counties.  Single-family home sales rose from 1,032 units in 2012 to 1,104 units in 2013, while median single-family home prices rose $239,900 to $250,000.  Hampshire County condo sales rose from 216 units in 2012 to 253 units sold in 2013, while median condo prices rose from $174,000 to $190,000.

If you are planning on buying or selling a home in the Pioneer Valley, make your first call to Michael Seward at 413-531-7129. Michael Seward is a Certified Residential Specialist, a Certified Buyers Agent, a Certified Loss Mitigation Specialist, a Certified New Homes Specialist, and Green designee of the National Association of REALTORS®.

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